Clause 10 , Part 1, Second schedule

Auditing

Mam, If Client has given the money for two purposes, ex : Advance tax and GST payment , but at time of GST payment the money is not sufficient so CA has used the client money which has given for Advance tax. Is this fine mam ? Video Details ------------- Advanced Auditing & Professional Ethics (Without SA) Professional Ethics #130. Clause 10 - Client's Money

Sai Vema

CA Final

★ 108K+

02-May-25 10:02

249

Answers (1)

The money was given for a specific purpose Using it for a different purpose (GST), even for the same client, amounts to: -Breach of fiduciary duty. -Violation of the intended use of client funds. So he will be guilty

Pradnya Bajaj

Faculty

04-May-25 14:17